40 Pa. Stat. § 3309

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 3309 - Delinquency and cancellation charges

An insurance premium finance agreement may provide for the payment by the insured of a delinquency charge of $1 to a maximum of 5% of the delinquent installment on any installment which is in default for a period of five days or more.

40 P.S. § 3309

1984, Dec. 19, P.L. 1182, No. 224, § 9, effective in 60 days.